<SEC-DOCUMENT>0001185185-19-000142.txt : 20190201
<SEC-HEADER>0001185185-19-000142.hdr.sgml : 20190201
<ACCEPTANCE-DATETIME>20190201160536
ACCESSION NUMBER:		0001185185-19-000142
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20190201
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190201
DATE AS OF CHANGE:		20190201

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TAITRON COMPONENTS INC
		CENTRAL INDEX KEY:			0000942126
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065]
		IRS NUMBER:				954249240
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25844
		FILM NUMBER:		19559911

	BUSINESS ADDRESS:	
		STREET 1:		28040 WEST HARRISON PARKWAY
		CITY:			VALENCIA
		STATE:			CA
		ZIP:			91355
		BUSINESS PHONE:		(661) 257-6060

	MAIL ADDRESS:	
		STREET 1:		28040 WEST HARRISON PARKWAY
		CITY:			VALENCIA
		STATE:			CA
		ZIP:			91355
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>taitron20190131_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<html>
<head>
	<title>taitron20190131_8k.htm</title>
	<!-- Created by RDG HTML Converter v1.1.0.0 1/31/2019 4:36:58 PM --><meta charset="utf-8"><meta name="format-detection" content="telephone=no"/>
</head>
<body style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding: 0in 0.1in; cursor: auto;">
<hr style="height: 3px; color: #000000; background-color: #000000; width: 100%; border: none; margin: 3pt 0">
<hr style="height: 1px; color: #000000; background-color: #000000; width: 100%; border: none; margin: 0 0 3pt 0">
<p style="font-family:'Times New Roman', Times, serif;font-size:12pt;margin:0pt;text-align:center;"><font style="font-family:'Times New Roman',Times,Serif;font-size:16pt;"><b>U.S. SECURITIES AND EXCHANGE COMMISSION</b></font></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>Washington, </b><b> </b><b>D.C. 20549</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</p>

<hr style="text-align: center;height: 1px; color: #000000; background-color: #000000; width: 10%; border: none; margin: 0 auto 0 auto;">
<p style="font-family:'Times New Roman', Times, serif;font-size:12pt;margin:0pt;text-align:center;"><b>&nbsp;</b></p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 16pt; margin: 0pt; text-align: center;"><b>FORM 8-K</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:12pt;margin:0pt;text-align:center;"><b>&nbsp;</b></p>

<hr style="text-align: center;height: 1px; color: #000000; background-color: #000000; width: 10%; border: none; margin: 0 auto 0 auto;">
<p style="font-family:'Times New Roman', Times, serif;font-size:12pt;margin:0pt;text-align:center;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:12pt;margin:0pt;text-align:center;"><b>CURRENT REPORT</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Date of Report (Date of earliest event reported): February 1, 2019</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:18pt;margin:0pt;text-align:center;"><u><b>TAITRON COMPONENTS INCORPORATED</b></u></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">(Exact name of registrant as specified in its charter)</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width:100%;text-indent:0;font-family:'Times New Roman', Times, serif;font-size:10pt;">

		<tr>
			<td style="vertical-align:top;width:33%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><u><b>California</b></u></p>

			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">(State or other</p>

			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">jurisdiction of incorporation)</p>
			</td>
			<td style="vertical-align:top;width:34%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><u><b>0-25844</b></u></p>

			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">(Commission</p>

			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">File Number)</p>
			</td>
			<td style="vertical-align:top;width:33%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><u><b>95-4249240</b></u></p>

			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">(I.R.S. Employer</p>

			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Identification No.)</p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><u><b>28040 WEST HARRISON PARKWAY, VALENCIA, CALIFORNIA</b></u><u><b> </b></u><u><b> 91355</b></u></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">(Address of principal executive offices) (Zip Code)</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Registrant&rsquo;s telephone number, including area code<b>:</b><b> </b><b> </b><u><b>(661) 257-6060</b></u></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><u><b>NONE</b></u></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">(Former name or former address, if changed since last report)</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:18pt;margin-right:0pt;margin-top:0pt;text-align:left;">&#9744; Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:18pt;margin-right:0pt;margin-top:0pt;text-align:left;">&#9744; Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:18pt;margin-right:0pt;margin-top:0pt;text-align:left;">&#9744; Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:18pt;margin-right:0pt;margin-top:0pt;text-align:left;">&#9744; Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR &sect;230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR &sect;240.12b-2).</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Emerging growth company &#9744;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. &#9744;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<div id="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div id="PGNUM" style="text-align: center; width: 100%">&nbsp;</div>

<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
<div id="PGHDR" style="text-align: left; width: 100%">&nbsp;</div>
</div>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><b>ITEM&nbsp; 7.01&nbsp; Regulation FD Disclosure</b></p>

<p style="background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">On February 1, 2019, the Company&rsquo;s Board of Directors authorized a quarterly cash dividend in the amount of $0.03 per share of Class A and Class B issued and outstanding common stock. The dividend will be paid on February 28, 2019 to stockholders of record as of February 13, 2019. A copy of the press release is furnished herewith as Exhibit 99.1. Under existing dividend policy, the Company will target a cash dividend to our stockholders in the amount of $0.12 per share per annum, payable in equal $0.03 per share quarterly installments. Subsequent dividend declarations and the establishment of record and payment dates for such future dividend payments, if any, are subject to the Board of Directors&#39; continuing determination that the dividend policy is in the best interests of the Company&#39;s stockholders. The dividend policy may be suspended or cancelled at the discretion of the Board of Directors at any time.</p>

<p style="background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><i>Safe Harbor Statement</i></p>

<p style="background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Statements contained in the exhibit to this report that state the Company&rsquo;s or its management&rsquo;s expectations or predictions of the future are forward-looking statements intended to be covered by the safe harbor provisions of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. It is important to note that the Company&rsquo;s actual results could differ materially from those projected in such forward-looking statements. Factors that could affect those results include those mentioned in the documents that the Company has filed with the Securities and Exchange Commission.</p>

<p style="background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>ITEM 9.01 Financial Statements and Exhibits</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibits</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width:100%;text-indent:0;font-family:'Times New Roman', Times, serif;font-size:10pt;">

		<tr>
			<td style="vertical-align:top;width:13.3%;"><u>Exhibit No.</u></td>
			<td style="vertical-align:top;width:86.7%;"><u>Exhibit Description</u></td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:13.3%;">&nbsp;</td>
			<td style="vertical-align:top;width:86.7%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:13.3%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">99.1</p>
			</td>
			<td style="vertical-align:top;width:86.7%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><a href="ex_133827.htm" style="-sec-extract:exhibit;">Press release dated&nbsp;February 1, 2019 announcing the Company declared a quarterly cash dividend.</a></p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<div id="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div id="PGNUM" style="text-align: center; width: 100%">&nbsp;</div>

<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
<div id="PGHDR" style="text-align: left; width: 100%">&nbsp;</div>
</div>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>SIGNATURES</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width:100%;text-indent:0;font-family:'Times New Roman', Times, serif;font-size:10pt;">

		<tr>
			<td style="vertical-align:top;width:49.9%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
			<td colspan="2" style="vertical-align:top;width:38.1%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>TAITRON COMPONENTS INCORPORATED</b></p>
			</td>
			<td style="vertical-align:top;width:12%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:49.9%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
			<td style="vertical-align:top;width:3.1%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
			<td style="vertical-align:top;width:35%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
			<td style="vertical-align:top;width:12%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:49.9%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Dated:&nbsp;February 1, 2019</p>
			</td>
			<td style="vertical-align:top;width:3.1%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">By:</p>
			</td>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:35%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">/s/&nbsp;David Vanderhorst</p>
			</td>
			<td style="vertical-align:top;width:12%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:49.9%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
			<td style="vertical-align:top;width:3.1%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
			<td style="vertical-align:bottom;width:35%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">David Vanderhorst</p>
			</td>
			<td style="vertical-align:top;width:12%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:49.9%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
			<td style="vertical-align:top;width:3.1%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
			<td style="vertical-align:top;width:35%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Chief Financial Officer</p>
			</td>
			<td style="vertical-align:top;width:12%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:49.9%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
			<td style="vertical-align:top;width:3.1%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
			<td style="vertical-align:top;width:35%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
			<td style="vertical-align:top;width:12%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><br>
&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<div id="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div id="PGNUM" style="text-align: center; width: 100%">&nbsp;</div>
</div>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex_133827.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
<head>
	<title>ex_133827.htm</title>
	<!-- Created by RDG HTML Converter v1.1.0.0 1/31/2019 4:36:24 PM --><meta charset="utf-8"><meta name="format-detection" content="telephone=no"/>
</head>
<body style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; padding:0in .1in;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:right;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:right;"><b>Exhibit 99.1</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:right;"><img src="ex_133827img001.jpg" style="width: 243pt; height: 79pt;"></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:right;">28040 West Harrison Parkway, Valencia, CA&nbsp; 91355</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:right;">Phone (661) 257-6060 / Fax (661) 257-6415</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:right;">Contact: David Vanderhorst, CFO</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><u>FOR IMMEDIATE RELEASE</u></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;text-indent:36pt;"><b>TAITRON ANNOUNCES QUARTERLY CASH DIVIDEND</b></p>

<p style="background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">LOS ANGELES, California &ndash; February 1, 2019&ndash; Taitron Components Incorporated (NASDAQ:TAIT) today announced that its Board of Directors has declared a quarterly cash dividend of $0.03 per share of common stock, payable on February 28, 2019 to stockholders of record as of the close of business on February 13, 2019. Under our current dividend policy, the Company will target a cash dividend to our stockholders in the amount of $0.12 per share per annum, payable in equal $0.03 per share quarterly installments.</p>

<p style="background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Subsequent dividend declarations and the establishment of record and payment dates for such future dividend payments, if any, are subject to the Board of Directors&#39; continuing determination that the dividend policy is in the best interests of the Company&#39;s stockholders.&nbsp; The dividend policy may be suspended or cancelled at the discretion of the Board of Directors at any time.</p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>About Taitron Components</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>&nbsp;</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Taitron, based in Valencia, California, is the &quot;Discrete Components Superstore.&quot;&nbsp; The Company distributes a wide variety of transistors, diodes and other discrete semiconductors, optoelectronic devices and passive components to electronic distributors, contract electronic manufacturers (CEMs) and original equipment manufacturers (OEMs), who incorporate them into their products.&nbsp; In addition, Taitron provides value-added engineering and turn-key services for our existing OEM and CEM customers and providing them with original design and manufacturing services for their multi-year turn-key projects.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>Safe Harbor Statement</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Statements contained in the exhibit to this report that state the Company&rsquo;s or its management&rsquo;s expectations or predictions of the future are forward-looking statements intended to be covered by the safe harbor provisions of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended.&nbsp; It is important to note that the Company&rsquo;s actual results could differ materially from those projected in such forward-looking statements. Factors that could affect those results include those mentioned in the documents that the Company has filed with the Securities and Exchange Commission.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">CONTACTS:</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Taitron Components Incorporated</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">David Vanderhorst &ndash; ph 661-257-6060</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>ex_133827img001.jpg
<TEXT>
begin 644 ex_133827img001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  4$! 0$ P4$! 0&!04&" T(" <'
M"! +# D-$Q 4$Q(0$A(4%QT9%!8<%A(2&B,:'!X?(2$A%!DD)R0@)AT@(2#_
MVP!# 04&!@@'" \(" \@%1(5(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @("#_P  1" !I 40# 2(  A$! Q$!_\0
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M_P!=)O\ T<];U '._P#"%^'_ /GC=_\ @PN/_BZ/^$+\/_\ /&[_ /!A<?\
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MJ?\ 75/_ $3'10!UGA#_ )%6V_ZZ3?\ HYZM:KX@T70_*_MC5;:P\[/E_:)
MF_'7&:J^$/\ D5;?_KI-_P"CGKR#]HO_ %?ASN=T_P#)*[,%AUB<1&BW:_\
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M\-&;IPE*36]HWM^)Z<,XQ4H*I.,8)[<SM?Y;GOW_  G_ (*_Z&K3/_ E:/\
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MGS_DH%[_ -@YO_0TKZ>KYA_9\_Y*!>_]@YO_ $-*^GJ^5SW_ 'Q^B/L^'O\
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M#S1[6I_,_O#ZO1_D7W'7_P#"">#?^A7TO_P%7_"C_A!/!O\ T*^E_P#@*O\
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M!=8T5F+NP& > ,YKH]#TF\L?B/XGOWM6CL+FUL8K:0D8<QK(& [\9'YUV%%
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M7_@9'_C1_P )=X4_Z&;2O_ R/_&LFB@#6_X2[PI_T,VE?^!D?^-'_"7>%/\
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I"]M=2\0ZI<Z;=17D'G(OF0.)%R(8\C(R**]!T7_CQ?\ ZZ'^E% '_]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
